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10 Cr

Maximum Loan Amount

20 Years

Max Loan Tenure

20 Years

Max Loan Tenure

About Education Loan

In India as well as abroad the education is widespread with a variety of courses to learn in different fields. There is a provision for an education loan to study in India as well as abroad. You can either apply for without collateral education loan or with collateral depending on your loan requirement.

At present, statistics say that more than eighteen lakh needy students have availed the benefits of education loans in India.

Education Loan Features and Benefits

After taking an education loan, one will enjoy its benefits in terms of repayment and its attributes.

Secured and Unsecured

The loan can be obtained either as a secured loan or an unsecured loan.

Flexible Tenure

Flexible Repayment

Tenure for repayment can be up to fifteen years after the course is completed.



You will get relaxation for 1 year before starting your repayment.

Enhance Credit Score

It helps to build a credit score and helps you get a loan in future if required with ease in all processes.

Expenses Covered

Expenses Cover

Expenses that are covered in the loan can include the living expenses and ancillary fees along with the tuition fees.

Tax Benefit

Tax Benefit

Under Section 80-E of the Income Tax Act, the Tax benefit is provided.

Eligibility Criteria for Education Loan

If you want to apply for an education loan, you should be eligible for basic listed criteria.


Scored above 50% in HSC and graduation


Secured admission in India or abroad in career-oriented programs and at the postgraduate or graduate level.


Co-applicant documents should include its income proof

Required Documents for Education Loan

Refer below listed documents to make your education loan process hassle-free.

  • PAN Card
  • Passport
  • Voter Identity
  • Driving License
  • Aadhaar Card
  • Registered Rent Agreement (if property is rented)
  • Electricity Bill
  • Water Bill
  • Telephone Bill
  • Latest property tax bill
  • Last six months bank account statement of parent or guardian or guarantor.
  • The person on service or salaried, for them the latest Salary Slips or Form 16.
  • For self-employed people, the latest ITR (IT Returns).
  • A copy of the institute’s admission letter and the fee structure.
  • Marksheets of 10+2, any degree, diploma, or entrance exam if applicable.
  • A copy of scholarship, freeship, etc if applicable.
  • For Studies abroad, a passport is mandatory.
  • If you offer property as collateral for security, a copy of the sale deed or any documents which are related to property that is being offered.

Note: Above listed documents may differ between lenders.

Frequently Asked Questions (FAQs)

We are listing down the most frequently asked questions, maybe it will be helpful for you. If you have any queries or confusion you can feel free to ask us in the email, write us

Knowing the loan limit depends on the lenders and your loan worthiness, this limit usually goes up to 50 lakhs and if you choose to mortgage, collateral increases the chance to avail higher loan amounts.

The Rate of interest of education loan in India ranges between 10% to 16%. The education loan rate of interest can vary depending on your lender and on your course.

The expense which will be covered in are listed below:

  • Tuition Fee is covered.
  • All Examination, Library, Laboratory fees your school or college asks for.
  • Your loan can cover all the costs including your books, uniforms, computers or any such necessary things along with your costs required for the completion of your course
  • It also covers the security deposit of the institution which is later refunded.
  • Hostel fees and your other living expenses.
  • You travel expenses and all passage money for abroad.
  • All expenses for your study tour and project work-related or given by your college or school.

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